On April 20, according to Dune panel data, Solana's on-chain DEX PumpSwap, supported by Pump.fun, has reported trading volume of US$345.6 million in the past 24 hours, with a 7-day trading volume of US$2.76 billion. Currently, PumpSwap has accounted for 18.2% of the total transaction volume of Solana on-chain DEX, second only to Raydium’s 39.7% and surpassing Meteora’s 15.8%. The number of daily active addresses of PumpSwap exceeded 200,000, with a total number of users of 1.89 million, generating about US$948,000 in handling fees per day. Previously reported that Pump.fun is competing for a larger share of the Solana on-chain DeFi economy. PumpSwap, a token exchange service based on protocol liquidity pool, has launched to directly compete with automated market makers (AMMs) in the Solana ecosystem that specializes in providing on-chain token trading. Pump.fun will provide startup liquidity for potential tokens directly on PumpSwap.